Reported 1 day ago
Costco Wholesale's stock rose nearly 3% after declaring a 12% increase in its quarterly dividend to $1.30 per share, significantly outpacing the S&P 500's modest 0.1% gain. The increase reflects Costco's consistent growth and an effort to attract investors despite its lower yield compared to the market average. With over 20 years of consecutive dividend raises, investors can anticipate further hikes in the future as the company continues to thrive.
Source: YAHOO